A discount of 20% is given for the purchase of two books by a bookseller and a discount of 25% is offered if a customer buys more than two books. A 10% discount is being offered to all the customers on purchase of one book. An additional 5% discount will be given to students. Sohan, a student of M.Com. in college, bought a book for Rs.513. What was the marked price of the book?
Answer & explanation
Correct answer: option 3
We know that,
SP = MP × (100 - Disocunt%)
We have,
Cost price of book = Rs. 513
Now, According to the question,
= MP × (100 - 5%) × (100 - 10%) = 513
= MP × 95% × 90% = 513
= MP = 513 × 100/90 × 100/95
= MP = 600